Real Estate Committee:Growth in Secondary Cities

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By Amanda He

The Tianjin Chapter Real Estate Committee gathered Monday afternoon for a discussion about industry opportunities outside of China's top cities. About 30 attendees gathered at the Hotel Nikko Tianjin to listen as Michael Hart (pictured), Managing Director of Jones Lang LaSalle's Tianjin office, presented findings from the firm's latest research report, called China60. The report assesses real estate opportunities across 60 of China’s most important secondary and tertiary cities.

The greatest advances in the past few years came from China's West and Central cities, which the report attributes to a mix of government policy, infrastructure investment and the continued economic shift inland. Xi'an (Northwest), Guiyang and Kunming (Southwest), and Zhengzhou and Shijiazhuang (Central) are noteworthy improvers.

After the China60 discussion, Chelsea Cai, analyst at JLL, presented some Tianjin-specific observations from the report.

Amanda He is Assistant Chapter Manager at Amcham China, Tianjin Chapter.